HOUSTON (AP) — HOUSTON (AP) — Orion Marine Group Inc. (ORN) on Tuesday reported a loss of $4.1 million in its second quarter.
On a per-share basis, the Houston-based company said it had a loss of 10 cents. Earnings, adjusted for one-time gains and costs, came to 2 cents per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.
The heavy civil marine contractor posted revenue of $221.9 million in the period, also missing Street forecasts. Four analysts surveyed by Zacks expected $227.3 million.
Orion Marine expects full-year earnings in the range of 23 cents to 30 cents per share, with revenue in the range of $900 million to $950 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ORN at https://www.zacks.com/ap/ORN
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